CBN Operational Guidelines for Licensing and Regulation of Payment Services Holding Companies
On December 9, 2020, the CBN communicated new licence re-categorizations in
the Nigerian Payments System to prevent co-mingling of payment services,
enhance risk management measures and improve the efficiency of the Nigerian
This brief highlights salient provisions of the operational guidelines for the
licensing and regulation of Payment Services Holding Companies (PSHC) in
Nigeria (“the Guidelines”).